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Regulation

BNPL needs ‘guardrails around it’, Gallagher says

Buy now, pay later providers could fall under the same regulations as credit cards, as the government pushes new regulation.

BNPL needs ‘guardrails around it’, Gallagher says
Link sells 10% of its PEXA shareholding

Link Administration Holdings Limited has announced the sale of almost 10 per cent of its existing 42.77 per cent shareholding in PEXA Group Limited.

Link sells 10% of its PEXA shareholding
Brokers fuming over ‘unfair’ clawbacks

As cashback incentives see clients switching banks, brokers are fed up with fronting the clawback costs.

Brokers fuming over ‘unfair’ clawbacks
LRBA loans no ‘material’ super risk, but vigilance remains

Following 2014 recommendations that LRBAs should be prohibited, the latest CFR report has massively downgraded their risk — mostly.

LRBA loans no ‘material’ super risk, but vigilance remains
Bank execs ‘overconfident’ on risk compliance capability

Debate rages between ADI bank executives and legal staff over appropriate risk compliance levels, APRA has revealed.

Bank execs ‘overconfident’ on risk compliance capability
Royal commission seeks out blame for Robodebt ‘shame’

Bill Shorten MP has highlighted the controversial Robodebt scheme’s “true extent” of shame.

Royal commission seeks out blame for Robodebt ‘shame’
CBA class action goes to Federal Court

The major bank will head to Federal Court today (7 November) as the ongoing class action relating to money laundering disclosures continues. 

CBA class action goes to Federal Court
Submissions open under new ASIC inquiry

A new inquiry has been commissioned by the Senate into the Australian Securities and Investments Commission (ASIC) and its ability to investigate misconduct allegations.

Submissions open under new ASIC inquiry
New COBA code to protect vulnerable customers introduced

The Customer Owned Banking Association has introduced a new Code of Practice to increase protection for vulnerable customers.

New COBA code to protect vulnerable customers introduced
ASIC under fire for ‘failing to meet its obligations’

A new inquiry has been commissioned by the Senate into the Australian Securities and Investments Commission.

ASIC under fire for ‘failing to meet its obligations’
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